Fidelity National Financial, Inc. (NYSE:FNF) EVP Sells $6,331,708.95 in Stock

Fidelity National Financial, Inc. (NYSE:FNF) EVP Peter T. Sadowski sold 133,215 shares of Fidelity National Financial stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the completion of the sale, the executive vice president now directly owns 89,575 shares of the company’s stock, valued at $4,257,499.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fidelity National Financial, Inc. (NYSE:FNF) opened at 47.35 on Friday. Fidelity National Financial, Inc. has a one year low of $31.64 and a one year high of $49.37. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 20.65 and a beta of 0.95. The firm has a 50 day moving average of $46.75 and a 200-day moving average of $41.63.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Financial, Inc. will post $2.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 2.11%. Fidelity National Financial’s dividend payout ratio is presently 43.67%.

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Several analysts have commented on FNF shares. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Monness Crespi & Hardt lifted their target price on shares of Fidelity National Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.80.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd bought a new position in Fidelity National Financial during the second quarter valued at $277,000. Raymond James Financial Services Advisors Inc. raised its position in Fidelity National Financial by 45.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,619 shares of the financial services provider’s stock valued at $566,000 after buying an additional 3,915 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Fidelity National Financial by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 10,029 shares of the financial services provider’s stock valued at $450,000 after buying an additional 760 shares in the last quarter. PointState Capital LP bought a new position in Fidelity National Financial during the second quarter valued at $33,981,000. Finally, Janus Henderson Group PLC raised its position in Fidelity National Financial by 265.3% in the second quarter. Janus Henderson Group PLC now owns 112,859 shares of the financial services provider’s stock valued at $5,059,000 after buying an additional 81,963 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

Insider Buying and Selling by Quarter for Fidelity National Financial (NYSE:FNF)

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